EUR/CAD – 30M – SELL

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.6236156 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 1.62567 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.62567 – 1.62432 – 1.62204 – 1.62339 – 1.62241 – 1.62034 —
1.62525 – 1.62529 —
58.65778243802 – 58.116197596723 —
– —
1.62567 – 1781625600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –